OEV Specialist
Position Overview
The OEV Specialist is responsible for evaluating and validating property values based on owner-provided estimates and supporting data to inform lending decisions. This role plays a key part in the credit underwriting and risk assessment process by ensuring property valuations are reasonable, well-supported, and aligned with market conditions.
The ideal candidate combines real estate knowledge, analytical skills, and attention to detail to assess valuation accuracy, identify potential risks, and support high-quality lending outcomes.
Key Responsibilities
- Review and assess Owner’s Estimated Value (OEV) submissions for residential or commercial real estate loan applications
- Analyze supporting documentation such as comparable sales (comps), market trends, tax assessments, and property condition data
- Validate property values using internal tools, AVMs (Automated Valuation Models), broker price opinions (BPOs), and third-party valuation sources
- Identify inconsistencies, valuation risks, or potential over/understatements and escalate as needed
- Partner with underwriting, appraisal review, credit risk, and collateral teams to support loan decisioning
- Document findings and maintain clear audit trails in loan origination or credit systems
- Ensure compliance with regulatory guidelines (e.g., FIRREA, USPAP) and internal valuation policies
- Support collateral risk management by recommending when full appraisals or additional reviews are required
- Monitor real estate market trends to inform valuation assessments
- Meet service level agreements (SLAs) for turnaround time and quality standards